What is Combined All Risks insurance?

It is a specially designed package policy for Condominiums, Apartments and Flats that is customized to meet the needs of Joint Management Body (JMB).

This comprehensive plan offers multiple benefits:

  • Protection from 10 potential elements that can disrupt or damage your business
  • Peace of mind at affordable rates
  • Flexibility to select the sum insured to match your needs

Key coverage

Here is an overview of your coverage

Compulsory Cover

Compulsory Cover

1. Fire and Special Perils
Covers loss or damage to your property caused by fire or lightning. For an additional premium, you can extend coverage to these risks.

  • Aircraft damage
  • Earthquake and volcanic eruption
  • Storm/tempest
  • Flood
  • Explosion (Non-industrial without boilers)
  • Impact damage (Including your own vehicle)
  • Bursting or overflowing of pipes
  • Subsidence and landslip
  • Riot, strike and malicious damage

2. Money
Covers loss or damage of money (including money in the custody of the Insured's director, partner or employee or any third party authorized by the Insured) during transit or kept in your premises.

3. Burglary
Covers property or any thereof while within the Insured's premises, against

  • Loss or damage by theft resulting from forcible and violent entry

4. Glass
Indemnifies you if glass at insured premises is broken by fracture through its entire thickness -- as a result of any accident or misfortune not otherwise excluded.

5. Fidelity Guarantee
Covers you as an employer against any direct financial loss sustained by act(s) of infidelity or dishonesty by your employee(s) e.g. forgery, embezzlement, larceny or fraudulent conversion.

6. Machinery Breakdown
Covers your machinery (lift, air-conditioners, generators, transformers, fire fighting equipment and the like) against any unforeseen and sudden physical loss or damage whether at work or at rest, or being dismantled for the purpose of cleaning, inspection or overhauling, or in the course of the operations, or when being shifted within the premises during subsequent re-erection.

7. All Risks
Covers loss or damage to your property caused by

  • Theft
  • Any other accident or misfortune stated in the Policy Schedule

8. Public Liability
Indemnifies you against all sums you can be liable to pay compensation for

  • Bodily injury to or illness of Third party
  • Loss or damage to property within the premises

resulting from an accident as described in the Policy Schedule

9. Group Personal Accident
Compensates you for your Insured employee for bodily injury caused by accidental means which

  • Injury shall solely and independently of any other cause, result in death or permanent disablement 

On top of that, funeral expenses will be paid in the event of accidental death of Insured employee.

10. Error & Ommission
Covers for claims brought against you, your former members of Management Corporation/Joint Management Body or your managing agent appointed by commissioner for the wrongful act committed or allegedly committed.

How much is my premium?

Your premium may vary depending on the plan you select.

Download our brochures under the Product Literature

Building Cost Calculator (BCC)

The calculator is a guide only to assist you in determining the estimated sums to be insured for residential properties, simple shop house and shop office and is not a substitute for professional advice to be obtained.

Before using the calculator, kindly note the following: 

  1. if any renovations have been made to your property, you are advised to indicate the amount (cost of renovation) in the box provided in the BCC.
  2. if your property has unique or special design features and/or have extensive renovations and/or have complex structures affixed, you are advised to obtain professional advice for a more accurate assessment of your property.

To access to the BCC, kindly click on the following selection:

Get it now

What we don't cover

  • Any consequential loss
  • Fines, penalties, punitive and exemplary damages
  • War risks and any Act of Terrorism
  • Radioactive and nuclear energy risks
  • Claims arising from 'Latex Protein Toxic Syndrome' and Asbestos
Note: This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.
Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan.

The information shown here is for reference only and is accurate as at 1 July 2015.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.